Overview

• Siemens, its general works council and IG Metall ratified an interest equalization to structure the approx­i­mate 2,750 German job cuts announced in March.
• A €50 million transformation fund will finance employee upskilling and fast-track internal mobility over the next five years.
• Tariff alignment will bring 11,000 previously disadvantaged staff to Metal and Electrical Industry agreement standards, trimming two weekly work hours and increasing pay.
• Siemens will implement internal transfer processes and targeted training programmes to redeploy affected employees instead of enforcing widespread layoffs.
• Roughly 2,500 roles in Digital Industries and about 250 in the e-car charging division will be cut, with more than half of impacted workers already offered alternative positions.